LKQ CEO Justin Jude recently held his first earnings call in his new role when the company announced it didn’t meet expectations because of lower repairable claims in North America in the second quarter. Jude [...]
A group of U.S. senators has urged the National Highway Traffic Safety Administration (NHTSA) to review its vehicle flammability standard concerning known and potential carcinogens. “We write with alarm after a new study of recent [...]
Continental’s Automotive Group recently took steps towards its planned independence, which could be completed by the end of 2025, according to a press Continental press release. The company’s Executive Board decided to spin off the [...]
A recent Wall Street Journal article highlights the cost increases in various insurance lines that small businesses face, and the cutbacks that have to be made to keep afloat. Rising insurance costs represent the greatest [...]
Sonic Automotive, one of the nation’s largest auto dealerships, is estimating losses of about $30 million following a ransomware attack on CDK last month. The company reported the losses in an 8-K filing with the [...]
Nissan has been trialing an innovative automotive paint aimed at helping lower a vehicle’s ambient cabin temperature in summer and reduce the energy usage of the air conditioning system. Developed in partnership with Radi-Cool, a [...]
The U.S. Commerce Department is expected to propose bans on Chinese software in autonomous and connected vehicles because of security risks later this month, according to multiple media reports. A ban, under the Biden administration, [...]
The California Supreme Court recently reversed lower court judgments by saying a fair claims suit against State Farm Fire and Casualty Co. is allowed to proceed under the four-year statute of limitations set in the [...]
A Las Vegas collision repair facility responded when it saw a local high school marching band trailer was stolen and later left stripped underneath a bridge in the city. Ozzie Arias, BRC Coach and Transit [...]
Axalta Coating Systems recorded its highest quarterly net sales and adjusted EBITDA in the company’s history during Q2. Net sales increased 4.4% year-over-year (YoY) to $1.35 billion and net income increased $52 million YoY to [...]
